of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized …

We analyze changes in unemployment, marginal labor force attachment and participation in Canada and the U.S.. Using two … complementary decompositions, we show the importance for the comparative evolution of aggregate unemployment of changes in the … marginally attached displaying behavior lying between unemployment and non-attachment. The three non-employment states are …

To better understand unemployment dynamics it is key to assess the role played by job creation and job destruction …. Although the U.S. case has been studied extensively, the importance of job finding and employment exit rates to unemployment … finding and job separation rates for the U.S. unemployment rate dynamics. Drawing on this approach, we are able to reconcile …

Using recent results in the measurement error literature, we show that the official U.S. unemployment rates … substantially underestimate the true levels of unemployment, due to misclassification errors in labor force status in Current …. During the period of 1996 to 2009, the corrected monthly unemployment rates are 1 to 4.6 percentage points (25% to 45 …

In response to the Great Recession and sustained labor market downturn, the availability of unemployment insurance (UI … extensions across states to estimate the overall impact of these extensions on unemployment duration, comparing the experience … extensions on unemployment transitions and duration. We rely on individual variation in benefit availability based on the …

In response to the 2007-09 “Great Recession,” the maximum duration of U.S. unemployment benefits was increased from the … microdata from the Current Population Survey. I find that a 10-week extension of UI benefits raises unemployment duration by …

The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …